Retail GazetteBusiness & Tech• 1 min read

Alibaba raises £7.5bn to accelerate AI investment

Published 24 August 2026, 8:09am

Alibaba is raising £7.5bn through a major share sale as it doubles down on its AI ambitions. The retail and tech group is issuing 710m new shares in Hong Kong at around £10.54 each, with the deal expected to raise roughly £7.5bn.

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